Purchase Facility with Optional Construction Facility

purchase facility

Loan Priority

1st Mortgage

Loan Amount


Loan to Value (LTV)


Loan Purpose

The broker was working with a borrower who already had a competing loan offer for the purchase of the property. The competing offer was at a higher LTV and a higher interest rate. The borrower was uncertain if they were going to flip this property or construct a new home. They had significant capital available to start and fund the majority of the construction if they chose to proceed this way.


Oakville, ON